Crypto Market Outlook, July 12th

 

Both BTCUSD and ETHUSD closed down -2.9% and -8% respectively last week. The pairs have been stuck in ranges for nearly 2 months, faking out a few times.

 

BTCUSD

 

 

32000 is a swing low, and below there are large Bids at every $1k handle from 30,000-28,000. Upside light, and momentum currently looking weak.

 

ETHUSD

 

 

This pair currently drifting into some Bids at 2080, after 2160 Offers absorbed buyers earlier in the day.

 

Large Offers at 2200. Bids 2050 (multi-day swing low) and larger at 2000.

 

 

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